Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-03-29
On WALL STREET.
Another Excited Day in COttOn-BOth
Spot and Futures Advance-The
Transactions Large.
The First Indications this Year OF Gen
uino Full Movement In Stocks.
AN Active Day.
COMMERCIAL RESUME.

NEW YORK, March 28.-Railway bonds
to day sold as follows: Fort Worth an(
Denver City at 93s; Texas and Pacific
incomes at 623; RIOS at 748; st. Louis
Arkansas and Texas 2's at 521 do Us a.
1914: Missouri, Kansas and Texas SIS e.
874; do 6's Ct 1909; rs at III.
Money at 4@5 per cent.
Governments active and higher.
Sterling lower.
Cotton steady at 10 points advance.
Wheat higher.
Oil closed at 638.
Coffee higher aud excited.
THE COTTON MARKETS.
Special to the Gazette.
GALVESTON, TEX, March 28.-The cot
ton markets to-day were again active and
for time even excited. Thirteen of the
leading spot markets record advances to-
day, as follows: Liverpool. Lied; New
York, New Orleans, Galveston, Mobile,
Savannah, Norfolk, Memphis, Augusta,
Boston, Philadelphia and St. Louis each
an &c, while Baltimore comes
in with an advance of /
cent. The Liverpool future market re-
sponded generally 10 Saturdays Ameri-
can advance and opened Cad higher,
ruling firm, closing Sid above Saturday
Stimulated by this response from Liver
pool, New York futures bounded 10
points at the opening, ruled firm for the
first hour, June selling at 1000, at which
point reaction set III and continued
until the close, June closing IL
points below the highest, but
still l point better than
Saturday. The sales were PIP, 700 bales,
by far the largest days business in twelve
months. New Orleans opened strong,
fifteen points advance for April, ruled
firm, with the advance well maintained
until after the second call, when realizing
set in, driving the maket off six to nine
from the highest, with sales exceeding
l00,0 900 bales. The underline of the mar
ket continues strong.
GOVERNMENTS, STOCKS AND BONDS.
NEW YORK, March 2S.-The move
ment in the stock market which begun
last week made further progress to day,
and for the first time this year showing
of genuine bull movement.
1t was the first active day for many weeks
and while there was nothing like
g boom, the steady though slow
of values lasted nearly the
entire day. Buying was remarkably we'll
nothing seemingly being
and while traders INDUCED in
some realizing on their purchases of the
past few days, there was some
buying with 8 fair inquiry from
operators, and fair demand
from foreigners. a remarkably favorable
impression was created by the statement
of Union Pacific which was somewhat of
q surprise to the street and Jersey Cen
trial was materially eided by a report
that contract had been made with the
Clearfield Company which would
largely increase the earnings
OF the road in the future.
Western Union was one of the faVorities
of the day, and there were rumOrs of
something important to be developed in
short time. There was no feature in the |
remainder of the list, although an unusu- |
ally large number OF low-priced stocks !
we're dealt in. The rates for money |
showed a hardened tendency and were |
Did up to per cent. Later in the day !
the realiZstiOns caused q material reaC- |
ion from the best figures. The market !
was strong and active az the opening, the |
first prices showing advances over Sstur |
Jays figures of from t to ;. There was |
some hesitation in the early trading, !
out the entire list soon 5ecame strong
lnder the lead of Canada Southern. |
The improvement was slow but steady !
md continued without interruption till 2 |
,. M, when the market became quieteT
.nd general fractional reaction eusued.
The market was steady in the last hour
md the close was quiet, but barely
steady at a fractional recession
If the best prices Of the day. Almost
everything on the active list shows an
advance, but while Canada Southern
/ Union Pacific are up II, the gains in
he remainder are measured by fraction
,nly.
Railroad bonds were more active
While the market was generally fir -, its
movements were sluggisb, and Though
he closing prices generally sh-w ad
'ances, they ere for the most part for
FACTIONS only.
Government bonds quiet, but steady
Nd